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Dscn6861 Jul 25

Mediapolis, IA Real Estate Auction

  •   Tuesday, July 25, 2017 @ 4:00pm (Start)
  •   Tuesday, July 25, 2017 @ 5:00pm (End)
  •   Add to Calendar

Mediapolis, Iowa REAL ESTATE AUCTION

MEDIAPOLIS, IOWA
Auction held on site at 601 North Division Street.

TUESDAY, JULY 25, 2017 AT 4:00PM


Open House on Tuesday, July 11th, from 4-5 PM

 

 

1 ½ Story Home

This home would make a great first time home or investment property.  The main level has a front living room, formal dining room and bedroom.  The sunken living/family room leads to the kitchen with an L shaped breakfast bar, refrigerator, dishwasher & electric stove.  The bathroom has a corner tub & shower and a laundry area with washer & dryer.

The upstairs features two bedrooms and a storage room.  The partial basement has a Comfort Maker high efficient gas forced air furnace with central air, gas hot water heater and a 100 amp breaker box.  The home also has a screened in front porch and an attached single car garage.  All situated on over 0.25 acre of land.

Included: Refrigerator, Dishwasher, Electric stove, Washer, Dryer
Not included: Water softener

Terms: 20% down payment on July 25, 2017. Balance at closing with a projected date of September 7, 2017, upon delivery of merchantable abstract and deed and all objections have been met.

Possession: Projected date of September 7, 2017.

Real Estate Taxes:  To be prorated to date of possession on the basis of the last available tax statement.  Seller shall pay any unpaid real estate taxes payable in prior years.

 

Real Estate Taxes
Gross           $889.36

Hm. Cr.         (154.56)

Net               $734.00 (Rounded)
Property has military credit

 

Assessed Value: $55,500



Special Provisions:

This real estate is selling subject to any and all covenants, restrictions, encroachments and easements, as well as all applicable zoning laws.
This auction sale is not contingent upon Buyer’s financing or any other Buyer contingencies.
If in the future a site clean-up is required it shall be at the expense of the buyer.
The buyer acknowledges that he/she has carefully and thoroughly inspected the real estate and is familiar with the premises. The buyer is buying this real estate in its "as is" condition and there are no expressed or implied warranties pertaining to the same.
Any announcements made the day of sale take precedence over advertising.

 

 

Owner: Joan Smith Estate
Kathy E. Yoder – Executor

William R. Jahn, Jr. – Attorney for Estate

 

For information contact Nate Larson of Steffes Group, 319.385.2000 or 319.931.3944 (cell)


Dscn8314 Jul 26

Burlington, Iowa Real Estate Auction

  •   Wednesday, July 26, 2017 @ 4:00pm (Start)
  •   Wednesday, July 26, 2017 @ 5:00pm (End)
  •   Add to Calendar

Burlington, Iowa REAL ESTATE AUCTION

BURLINGTON, IOWA
Auction held on site at 1113 South 9th Street.

WEDNESDAY, JULY 26, 2017 AT 4:00PM


Open House on Wednesday, July 19th, from 4-5 PM

 

 2 Story Home on Double Lot
The home has 1,860 total sq.ft. of living space and is adjacent to Grimes Elementary.  The home features a kitchen with GE side by side refrigerator, gas stove, microwave, dishwasher and laundry with GE Profile front load washer & dryer.  Other features of the main floor include living room with open stairway, dining room, bedroom and a full bath.  The upstairs has four bedrooms.

The side porch has an aluminum wheel chair ramp.  The basement has a Carrier hi efficient gas forced air furnace w/ central air, washer & dryer, electric water heater & 200 amp break box.  The home is situated on a 40’x106’ lot with a detached shed.  The adjoining 40’x106’ lot makes a nice fenced in side yard along with another detached garage with alley access and off street parking.

Included: GE side by side refrigerator, gas stove, microwave, dishwasher, chest freezer, GE Profile front load washer & dryer, Piano, Washer & dryer in basement.
 

Terms: 20% down payment on July 26, 2017. Balance at closing with a projected date of September 8, 2017, upon delivery of merchantable abstract and deed and all objections have been met.

Possession: Projected date of September 8, 2017.

Real Estate Taxes:  To be prorated to date of possession on the basis of the last available tax statement.  Seller shall pay any unpaid real estate taxes payable in prior years.

 

Real Estate Taxes
Gross         $1,590.97

Hm. Cr.          (198.53)

Net             $1,392.00 (Rounded)
Property has military credit

 

Assessed Value: $76,400



Special Provisions:

This real estate is selling subject to any and all covenants, restrictions, encroachments and easements, as well as all applicable zoning laws.
This auction sale is not contingent upon Buyer’s financing or any other Buyer contingencies.
If in the future a site clean-up is required it shall be at the expense of the buyer.
The buyer acknowledges that he/she has carefully and thoroughly inspected the real estate and is familiar with the premises. The buyer is buying this real estate in its "as is" condition and there are no expressed or implied warranties pertaining to the same.
Any announcements made the day of sale take precedence over advertising.

 

 

Owner: Lyle J. Hutchings, Jr. Estate
Diana Crear – Executor

Andrew Mahoney – Attorney for Estate

 

For information contact Nate Larson of Steffes Group, 319.385.2000 or 319.931.3944 (cell)


Img 0001 Jul 29

ANTIQUE MACHINERY AND COLLECTIBLE TOY AUCTION

  •   Saturday, July 29, 2017 @ 10:00am (Start)
  •   Saturday, July 29, 2017 @ 5:00pm (End)
  •   Add to Calendar

25 plus collectible tractors and many small antique implements on this one of a kind auction.  Also selling approximately 50 collectible farm toys and many primitives and tools.  We will start inside on the toys at 10:00 a.m.  Will sell a dynamite "H" tractor collection at approximately 1:00 p.m..  For more information go to our website - www.mcguireauction.com


Jd 4440 Aug 2

Ames Iowa AgIron Auction Event

  •   Wednesday, August 2, 2017 @ 10:00am (Start)
  •   Wednesday, August 2, 2017 @ 4:00pm (End)
  •   Add to Calendar

Fall AgIron Ames, Iowa

Machinery Consignment Auction

 

AMES, IOWA

Located at the Farm Progress Site, 1827 217th Street, Boone, IA.

9 miles west of Ames on Highway 30, Exit 137.

 

WEDNESDAY, AUGUST 2, 2017 AT 10:00 A.M.

 

You May Still Consign!!

View website for updates & sale order at www.steffesgroup.com

 

ONLINE BIDDING ! !

 

<<Box It>>

Farm Equipment Semi Retirement from Matt Dunn, Ogden, IA – Phone: 515-450-7128

TRACTORS

2010 Massey Ferguson 8670 Dyna VT, 1,288 hrs., MFWD, IBT transmission, buddy seat, 5 hyd., 3pt, quick hitch, 1000 PTO, front fenders, 22 front suitcase weights, HID lights, 2 rear wheel weights on each side, joy stick, 480/80/R-50 Michelin tires

1976 John Deere 8630, shows 474 hrs., 4x4, quad range, 3 pt., 1000 PTO, diff. lock. S/N 8630H005012R (1,000 hrs on motor rebuild)

1977 John Deere 4630, 6,893 hrs., 2WD, quad range, 540/1000 PTO, diff. lock, after market steps, 10 front weights, hub duals, S/N 4630H029126R

White 2-105 5,022 hrs., 2 hyd., 3 pt., 540 PTO, w/ Westendorf WL 42 loader, quick tach bucket, 18.4-38 tires, (rebuilt motor in 2012), bale spear for WL 42 loader sells separate.

 

 

COMBINE – HEADS

1989 John Deere 9600, 2,838 sep/4,108 eng hrs., rock trap, chaf spreader, reverser, Ag Leader PF 3000 monitor, duals, S/N H09600X630356 (motor rebuilt in 2006)

John Deere 930 flex bean head, 30'

John Deere 893 corn head, 8x30", poly snouts

P&K 30 head trailer, 6 wheel

 

TECHNOLOGY

2014 TopCon Top Dock C-3000 monitor

2013 TopCon Top Dock receiver, steering kit complete w/ steering wheel

 

PLANTERS – DRILL – SEED TENDER

2014 White 9812 center fill planter, 12x30”, front fold, 45 bu. boxes, hydraulic drive, PTO hyd. drive pump, pneumatic down pressure, floating shark tooth Yetter trash whippers, rubber V closing wheels, row markers, corn & bean plates, Agco control box, S/N AGCW98120EH812176 (planter was used only 1 year)

John Deere 7000 planter, 12x30", hyd. front fold, Kinze bean units, John Deere 250 monitor

John Deere 750 drill, 15', 10" spacing, grass-seed attachment, hyd. fill auger, markers, S/N N00750X013538

Strobel seed tender, 2 box, Kohler Command Pro 7 motor, plastic auger, S/N 2B1420140

 

 

TILLAGE

2013 CASE-IH Tigermate 200 field cultivator, 36 1/2', 2 rows of coil tine levelers and rolling baskets, S/N YCD06336

2010 Landoll 1550 in line ripper, 5 shank, 3 pt.,

2010 John Deere 512 disc ripper, 5 shank, 12' 6", w/ lights

Krause disc, 21', single wheels

John Deere 400 rotary hoe, 30', 3 pt., end transport

John Deere 2800 plow, 8 bottom, variable width, w/ coulters

John Deere 2800 plow, 6 bottom, variable width, w/ coulters

John Deere 2600 plow, 5 bottom, variable width, w/ coulters, S/N 013306A

Glenco row crop cultivator, 12x30", hyd. fold, rolling shields

 

GRAIN CART - WAGONS

Brent 674 grain cart, corner auger, 24.5x32 diamond tires,

(3) J&M 500 gravity wagons, truck tires

(2) Parker 2500 gravity wagons

(2) Heider gravity wagons, 350 bu.

 

HAY EQUIPMENT

Vermeer 7040 disc mower, 9'

Frontier wheel rake, 8 wheel, hyd. fold

John Deere 581 swather, 21', pull type

New Holland 664 round baler, auto wrap, S/N 941189

Round Bale Trailer

 

SILAGE & LIVESTOCK EQUIPMENT

(2) International 110 silage wagons, aprons, side dump, worm gears

New Holland 717 silage chopper, single row, S/N 63272

John Deere 38 silage chopper, 2 row, S/N 039557E (new belts)

John Deere 300 ear corn picker sells with JD 343 head, pull type

John Deere 212 forage head, 5', four belt

Farm Hand 817 grinder-mixer

PMC 520 portable feeder,

Farm Hand feed wagon

New Holland 519 manure spreader, poly floor, missing slop gate

Cattle Sprayer, 3 pt., PTO pump

 

EQUIPMENT

M/C 180 stalk chopper, 1000 PTO, scoop knives, SN 59346

1000 gal. SS Water Tank on running gear, Briggs & Stratton 900 series motor,

Sprayer 30' boom, 500 gal. tank, pump,

Running Gear

 

------------

 

<Box it>

Farm Retirement from David Larson, Dayton, IA, Phone: 515-571-7850

TRACTORS

1992 John Deere 4960, 6,354 hrs., MFWD, powershift, cab, 3 hyd., 3 pt., quick hitch, lg 1000 PTO, radar, diff lock, front fenders, 20 front suitcase weights, 1800 lbs of rear wheel weights, New 18.4-46 rears, duals, S/N RW4960P003143 (1,000 hrs on overhaul at JD dealer, K.C. Nielson, Harcourt, IA)

1982 John Deere 4440, 6,542 hrs., 2WD, quad range, 2 hyd., 3pt., quick hitch, 540/1000 PTO, aftermarket steps and mirrors, diff. lock, 134 AC conversion, 6 front suitcase weights, 2 pr. rear wheel weights, 18.4-38 rears, hub duals, S/N 4440H059420RW

 

COMBINE – HEADS – WAGON

1991 John Deere 9500, 2,057 sep/2,643 eng hrs., 2wd, chaf spreader, rock box, reverser, grain hopper extension, John Deere Greenstar monitor, 24.5-32 tires, S/N H09500X642589 700 acres on cylinder bars and chopper knives, brakes have been gone through

2003 John Deere 920F grain platform, hyd. fore/aft, 20', full fingered, rock dam, S/N H00920F700982

1982 John Deere 643 corn head, 6x30" poly snouts, oil bath, S/N 519867

Head trailer, 20', adjustable

Demco 650 gravity wagon, lights, brakes, windows, chute light, front & rear ladder, truck tires, S/N 40233

-----

<Box It>

Farm Retirement from Bob Jacobson, Roland, IA  – Phone: 515-290-2726

TRACTORS – SKID LOADER

1979 International 1086, 6,601 hrs., 2WD, cab, 2 hyd., 3 pt., 540/1000 PTO, 12 suitcase weights, 18.4-38 hub duals, S/N 2610181U38610

1958 IH Farmall 350, 3,045 hrs., NF, power steering, fast hitch, 12.4-38 tires,

1986 John Deere 575, 3,088 hrs., JD diesel, 60" bucket, JD motor model #3TN82E-SP, S/N M00575X370Z66

 

PLANTER

John Deere 7000, 12x30", front fold, Yetter trash whippers, after market Jamison down pressure direct drive wheels, flat fold markers, Kinze bean units, John Deere & Dickey John monitors, (planter was gone through at JD shop last year)

 

TILLAGE

CASE-IH 496 disc, 22 1/2", 9 " spacings, hyd. fold, tandem wheels under main frame, S/N 0158884

Wil-Rich 2400 field cultivator, 25', 4 bar tine levelers

 

TRAILER - EQUIPMENT

Skid Loader Trailer 6'x9', tilt bed, homemade

Blade 8', 3 pt.,

--------

<Box It>

Consigned from Dave Spurgeon, Polk City, IA Phone: 515-577-2939

TRACTORS

1991 Case-IH 7130, 11,000 hrs., 2WD, powershift, 2 hyd., 3 pt., quick hitch, lg 1000 PTO, radar, 18.4R42 rear duals, 14L-16.1 4 rib front tires

International 4366, 4x4

 

PLANTER

CASE-IH 955, 12x30", draw bar, front fold, large 1000 PTO, pin adjust row cleaner, CIH early riser monitor, fold box

 

TILLAGE

International 490 disc, 24', 9” spacing, 21” blades, single pt. depth control

Wil-Rich 10 field cultivator, 28’

 

SEMI – GRAIN TRAILER

1984 Freightliner, cab over air ride cab, spring ride, 176” WB, twin 150 gal alum tanks, 11R24.5 on steel

1981 Timpte, hopper bottom, 42'x96”x66”, super hopper, spring ride, tarp, 11R22.5 on steel, VIN 1TD 052199

------

 

MFWD TRACTORS

2009 New Holland T8050, 3,884 hrs., MFWD, 19 spd. powershift, deluxe cab, leather, 4 hyd., power beyond, lg 1000 PTO, diff. lock, HID lights on back, front suitcase weights, 18.4x50" rear duals, 38" front duals, S/N Z8RW04284

2003 John Deere 8120, 4,576 hrs, powershift, deluxe cab, buddy seat, 42.5 gpm, 3 hyd., power beyond, 3 pt., quick hitch, 540/1000 PTO, GS ready, ground speed radar, front fenders, 1 pr 1400 lb rear weights, 18.4R46 rear duals, 16.9R30 front singles, S/N RW8130P010945

 

2WD TRACTOR

1968 John Deere 4020, 7,010 hrs., 2WD, WF, synchro, open station, 2 hyd., 540/1000 PTO, after market step, New Firestone 18.4-34 rears, 12.5L-16SL fronts, S/N T213R177139R

 

ANTIQUE TRACTORS

1958 John Deere 620, 1 hyd., NF, electric start, power steering, live hyd., 13.6-38 rear tires(1 new), (head has been resurfaced)

1958 John Deere 620, 9,243 hrs., NF, electric start, power steering, live hyd., 13.6-38 rear tires(1 new)

John Deere 520, 4,573 hrs., NF, 12 volt, power steering, live hydraulics, 12.4-38 rears, S/N 5213122

John Deere MT, NF, fenders, electric start, New 11.2-10-34 rears, New 5.00-15SL fronts, S/N MT28316

 

COMBINES

1994 Gleaner R52, 2,785 sep/3,920 eng hrs., 2wd, Field Tracker, lateral tilt, Cummins engine, rock trap, reverser, chopper, grain tank extensions, extended auger, power ladder, tattle tale, Pacer monitor, S/N R5256036 ($18,000 spent on hydrostatic system in 2016)

1991 CASE-IH 1680, Axial Flow 4,174 eng. hrs., grain scan monitor, Calc-An-Acre, chaf spreader, reverser, rock box, grain tank extentions, S/N JJC0115026

 

CHOPPING CORN HEADS

2012 CASE-IH 2612, 12x30", single point hook-ups, stubble lights, Field tracker, auto header height, hyd decks, poly dividers, trash screens, stalk stompers, S/N 686616020

2010 John Deere 612C, 12x30"", HHS, row sense, opposed knife rolls, hyd deck plates, stubble lights, S/N 1H612CCPA0735633

 

CORN HEADS

2000 John Deere 893, 8x30", intermeshed rolls, stubble lights, S/N H00893X685240

1991 CASE-IH 1083, 8x30", poly end snouts, new knife rollers, tall corn kit, S/N JJC0143367

1996 Gleaner 3000 Hugger Series, 8x22", poly, sealed oil boxes, new header chains, snap rolls, new plates, gathering chains, stalk stompers on all rows, S/N Z8RW04284

 

PLATFORMS

2009 CASE-IH 2020, hyd. fore/aft, 35', single point hook-ups, full fingered, 3" cut, field tracker, dual drive, flex contour

CASE-IH 1020, hyd. fore/aft, 30'

John Deere 920 flex, poly floor, S/N 920F626100

1995 Gleaner 520, hyd. fore/aft, 20', lateral tilt, head trailer, S/N 2042324F

 

HEAD TRAILERS

Maurer head trailer, 38', 6 wheels, lights

J&M head trailer

Homemade head trailer

Head mover, 3 pt.

 

SKID LOADER – ATTACHMENTS – LOADERS

2012 John Deere 328D, 1,997 hrs., rubber tire skid loader, enclosed cab, heat & A/C, 2 spd, cold weather pkg., aux hyd, quick tach bucket, 84” construction bucket, two speed reversing fan, 14-17.5 NHS tires, S/N 1T0328DKCCD231151

Stout 66-9 brush grapple, w/ skid steer quick attach, New

Stout 72-8 brush grapple, w/ skid steer quick attach, New

Stout 72-3 rock bucket grapple, w/ skid steer quick attach, New

Stout receiver hitch plate, w/ skid steer quick attach, New

Stout regular pallet forks, 48", w/ skid steer quick attach, New

John Deere 740 loader, 84” bucket

John Deere 148 loader, 84” bucket, brackets for 40 series tractor, S/N E0148026105W

 

DRILL

Massey Ferguson 4224, 12', 6" spacing, pull type, small seed box,

 

TILLAGE – STALK CHOPPERS

DMI Tiger Mate field cultivator, 32', 6” spacing, 7” sweeps, 3 section, tandems across, pin adjust gauge wheels on wings, single pt depth control, 4 bar coil tine harrow

DMI Tiger-two disc chisel, 5 shank, 30" spacing, 10"" pts., rolling basket

John Deere 726 mulch finisher, 32’, 9” spacing, 9” knock off sweeps, single pt. depth control, tandems across, hyd. front gang adjust

John Deere 724 mulch finisher, 30’, 9” spacing, 10” sweeps, single pt. depth control, tandems across, 5 bar coil tine harrow

Hiniker 7500 chisel plow, 15'

John Deere 85 row crop cultivator, 8x36", 3 pt., flat fold

John Deere 27 stalk chopper, 15', 1000 PTO, new belts, many new knives, S/N R000277634377

MC stalk chopper, 15', 1000 PTO, hyd. lift, S/N 48811

 

 

SEMI TRUCKS

2012 International Pro Star Plus, 296,000 miles, day cab, tandem axle, MF13, 410 hp., Eaton 10 spd. Ultra Shift Plus, air ride, air cab, air seat, air fifth wheel, tilt wheel, cruise, diff lock, WB 175", dual alum fuel  tanks, steel rims, 295-75 22.5 tires, VIN 1GSDJSJRICH695724

1998 Freightliner FLD120, 667,864 miles, day cab, tandem axle, 12.7 Detroit, 10 spd., air ride, air seat, air fifth wheel, cruise, air conditioning, diff. lock, WB 178", 3 years ago new clutch, set valves & injectors & installed FRO15AOC rebuilt transmission, alum fronts, steel rears, 22.5 tires, VIN 333SDG12201701

1994 International 9400, shows 352,087 miles, day cab, tandem axle, 12.7 Detroit, 370 hp, 10 spd., air ride, air seat, air fifth wheel, diff. lock, dual alum tanks, set valves & injectors, alum front rims, steel rear rims, 22.5 tires, VIN 3929E106201701

1992 Freightliner Model COEFLA086, 543,917 miles, cab over, Detroit 12.7, Eaton Fuller 15spd., air ride, dual fuel tanks, diff. lock, engine brake, wet kit, 150" WB 22.5 tires, 4 rear tires & steer tires new last fall, VIN 278SDX12201501

1991 Freightliner FLD120, shows 474,197 miles, 36” sleeper, Detroit Series 60, Road Ranger 9 spd., twin alum fuel tanks, air ride, air ride cab, 216” WB, 295/75R22.5 tires

 

GRAVITY WAGONS

J&M 750, front brakes, lights, windows, 445-50 R22.5 truck tires

(4) Brent 640, brakes, lights, windows, truck tires, chute light

Brent 600 Grain Train, single door, LH dump, 4 wheel brakes, fenders, side windows, 445/65R22.5 truck tires, sandblasted & powder coated with Brent 540 decals

(2) Parker 6250, brakes, lights, windows, chute light, truck tries (tarp on one)

Parker 4000, poly liner, double LH door, lights, rear brakes, 16.5L-16.1 tires, sandblasted & powder coated

Parker 2600, LH single door, sight windows, Michelin 275/80-R22.5 truck tires

Killbros 350, on Westendorf running gear

Killbros 350, 350 bu., LH dump

GrainOVator feed wagon w/ auger

 

GRAIN TRAILERS – LIVESTOCK TRAILER

1998 Wilson PaceSetter alum hopper bottom grain trailer, 41', ag hoppers, tarp, spring ride, 24.5 tires on steel

1988 Chamberlin alum hopper bottom grain trailer, 42’x96”x66”, spring ride, tarp, 11R24.5 on steel

2010 Kiefer GN Alum livestock trailer tandem axle, 6'8""x24', street side walk door, single divider, 235/856R16 on aluminum, VIN 1DVA22424AK058106

1994 Wabash 9A-102 van trailer, 53’x102”x 110” tall, air ride, 285/75R24.5 on steel, VIN 1JJV532S8RL219458

 

SPRAYER – WATER TRAILER

Sprayer Specialties XLM pull-type sprayer, 60' hydraulic boom, 1000 gal. tank, hyd boom height, 3 section shut off, hydraulic pump, flat fan tips, rinse/safety tank, Spraying Systems 744-3 control box, 12.4-42 tractor tires

Water Tank/Pump Trailer 1200 gal. tank, 5 hp. Briggs & Stratton motor, on tandem axle trailer

 

CHOPPER – MOWER CONDITIONER

New Holland 890 chopper, auto header controls, electric spout, S/N 302210

New Holland 499 mower conditioner, 13', center pivot, 2" sickle, S/N 626108

EZ Haul GN bale trailer, holds 7 bales,

 

 

AUGERS

Hutchinson auger, 51'x10",

SnoCo auger 70'x8", 540 PTO,

Westfield W130-41 truck auger, 41'x13", cable lift, 540 PTO, S/N 187539

 

CATTLE CHUTE – NEW FENCING – SHOP EQUIPMENT

Titan West Hydraulic Cattle Chute portable, scale, Avery Weightronix 640 scale head, palpation cage, 3 HP, 230V, 1 Phase electric motor, 2” ball

(20) 12’ x 5’ Interlocking Corral Panels, New
(20) 10' x 5' Interlocking Corral Panels, New

(60) 20' x 6' Continuous Fence Panels with clips & connectors, New

18.4-38 duals on JD rims

200 gal. fuel barrel electric pump & filter

500 gal. fuel barrel electric pump & filter

100 gal. fuel tank for pick up, hand pump

Rock box

Brady arms & axles off stalk cutter

Round bale mover, 3 pt.

Bale mover, 3 pt.

Black pickup tool box

Cattle panels & gates

AirCo 200DC hornet, gas drven, welding generator, S/NHJ137399

 

 

View website for more pictures & updates!!

 

ATTENTION CONSIGNORS!!

CONSIGNMENTS WILL BE ACCEPTED ON

Monday, July 24th – Friday, July 28th from 8am-5pm

Saturday, July 29th from 8-Noon

Last day to consign is Saturday, July 29th

 

NO CONSIGNMENTS TAKEN starting Monday, July 31st   

 

Sales tax applies.  $35 pc per titled item.  All items to be removed within 7 days. 

Load out times after auction are:

Thursday, August 3rd – Friday, August 4th – 8am - 5pm

Saturday, August 5th, 8am – 12 Noon

All other load out times are by appointment!


Img 9121 Aug 3

Iowa City Commercial Real Estate Auction

  •   Thursday, August 3, 2017 @ 1:00pm (Start)
  •   Thursday, August 3, 2017 @ 2:00pm (End)
  •   Add to Calendar

ICONIC COMMERCIAL REAL ESTATE AUCTION 
Income Producing with Redevelopment Potential
Highly desirable location in the heart of the Iowa City downtown district.

Click Here to View Brochure

Take a Look at this Commercial Real Estate Investment!

3 Storefronts with Over 27,000 sq.ft of space!!

Storefronts with tenants in place & upper levels with redevelopment potential

Having not changed hands in over 94 years, makes this is a once in a lifetime offering of a historic commercial building located in the vibrant downtown district of Iowa City!  
Steffes Group is honored to be selected to sell for the Ruth V. Swisher Revocable Trust, utilizing the auction method of marketing to sell this remarkable property.  This auction presents a rare opportunity for the real estate investor, real estate developer or entrepreneur!

 

Auction Property Address
117, 119, 121 & 123 East College Street, Iowa City, Iowa.
Four units sell as one price, to one bidder!

Auction to be held at the
Hotel Vetro
E.W. Lehman Ballroom (Second floor)
201 South Linn Street, Iowa City, Iowa
www.hotelvetro.com

Auction to be held on 
Thursday, August 3, 2017 at 1:00 PM
Registration for the auction begins at 12:00 Noon with appetizers & drinks.

Public Showings:       
Tuesday, July 11th and July 18th from 9-10 AM

 

The Property
The iconic building will sell as one unit and offers three unique storefronts with second and third story space with potential future revitalization and renovation.  The property is in a highly desirable location of the Ped Mall in the Iowa City Downtown District. 

Current storefront tenants include the 
The Union Bar - theunionbar.com
Revival & Revival 119 - revivaliowacity.com

 


The History
The property has not changed hands in 94 years.  Own an amazing income producing piece of history. The last time this building was sold dates back to 1923.

The Location
The Ped Mall plays host to many events, festivals & concerts.  The Ped Mall is the place to dine, shop, entertain & live!  downtowniowacity.com

Click Here for Google's 360 view of the property.

College Street is a part of the StreetScape plan to renew & update the Pedestrian Mall area(Ped Mall) starting in 2018.  This will include many updates & improvements including new & improved public gathering places, performance space, lighting frame work, updating infrastructure & more.  Find out more at iowa-city.org

(View more pictures in Photo Gallery)

Four units sell as one price, to one bidder!

117 & 119 East College Street
Revival & Revival 119

This side of the building has 4,277 sq.ft. of space on the main level offering two storefronts with an adjoining open entryway between the two retail areas.

117 East College features an inviting storefront glass window display along with a large retail showroom with a pressed metal ceiling and open entryway to the adjoining retail area.  This side of the store has a rear storage room, bathroom, air conditioner unit and access to the basement storage area.  The rear entrance has 3 - 4 off street parking spaces.

119 East College features an Art Deco style storefront with a glass window showcase, open retail space and access to the basement storage area.  This side also has a middle room, bathroom, back office & storage area with alley access and a GFA furnace & central air.  The Weil McLain boiler heats both storefronts & upstairs.

The second floor has 2,880 sq.ft. of space with five studio rooms.  The third floor has 2,880 sq.ft. of space with a large open hall space with a room divider and hardwood floors.  The second & third floors are ready to be rejuvenated and renovated.  The building is situated on a 33’x150’ lot.

117 & 119 East College main level storefronts & basements are currently leased.
Click Here for this lease information.  The second & third floors are vacant. 

117 & 119 East College Street Items not included:
All items of tenant’s, Attached signage, Dressing rooms, Lattice suspended ceiling, Lighting, Attached & unattached shelving & displays, Alarm & surveillance system.

Real Estate Taxes – Parcel #1010380006 
(117 & 119 East College Street)
Gross/Net Taxes:       $27,992.00
Assessed Value:        $892,880.00

 

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121 & 123 East College Street
The Union Bar

This side of the building has 7,050 sq.ft. of space on the main level with six bar areas.  The main level has a front bar area with a built in surround bar, dance floor area and two restrooms.  The rear of the building has a large dance floor with a stage, bar area, VIP bar area, storage rooms & alley access.

The second level has 7,050 sq.ft. of space with a front room with two bars and two restrooms.  The back bar has an atrium overlooking the first floor dance floor.  Two restrooms are located at the rear of the second floor.  The second floor has front and rear stairways.

The third floor is accessed by a shared common stairway with 119 East College Street.  The third floor has 3,760 sq.ft. of space with two large open hall spaces and three smaller rooms.  The third floor is ready to be repurposed or renovated to its former glory.

The basement has two offices, several storage rooms, two walk in coolers (one nonfunctional), storage areas, ¾ bath, front & rear stairways.  The building currently has three rooftop air conditioner units and one furnace/air unit.  The building is equipped with a Fire-Lite Alarms MS-9200UDLS Addressable Fire Alarm Control Panel and sprinkler system.  The building is situated on a 47’x150’ lot.

121 & 123 East College main level, second floor & basement are currently leased.
Click Here for this lease information.  The third floor is vacant. 

121 & 123 East College Street Items not included: All items of tenant’s, Bar items, Tables, Chairs, TV’s, Games, ATM, Sound & lighting, Sound stage, Surveillance system, Attached signage, Ice machines, Office furniture, Attached & unattached shelving & displays, and ceiling fans.

121 & 123 East College Street Items included: Two walk in coolers, Fire alarm system.

Real Estate Taxes – Parcel #1010380005 
(121 & 123 East College Street)
Gross/Net Taxes:       $48,430.00                  
Assessed Value:        $1,527,730

 

TERMS OF THE AUCTION

TERMS: A 10% down payment will be due on the day of the auction.  This will be due following the close of the auction and upon signing of the contracts between buyer & seller.  Forms of down payment include cash, personal check, business check or cashier’s check.  The balance will be due at closing with a projected date of October 3, 2017, upon delivery of merchantable abstract of title and a trustee’s warranty deed and all objections have been met.

POSSESSION: Projected date of October 3, 2017. (Subject to current tenant’s leases)

REAL ESTATE TAXES: To be prorated to date of possession on the basis of the last available tax statement.  Seller shall pay any unpaid real estate taxes payable in prior years.  Subsequent taxes and or special assessments, if any, to be paid by buyer.


PROVISIONS OF THE AUCTION:

~ 117 & 119 East College main level storefronts & basements are currently leased for a term commencing January 1, 2017 for a period of five (5) years with a provision for one (1) five (5) year renewal term.  Terms of said lease as follows: $4,900 per month. The second & third floors are vacant.  Copies of lease are available for review.

~ 121 & 123 East College main level, second floor & basement are currently leased for a term commencing April 1, 2017 and ending March 31, 2020, with an automatically renew for the property for four (4) additional terms of three (3) years unless Tenant gives notice not to renew.  The fourth term would be April 1, 2029 to December 31, 2031.  Terms of said lease as follows:

Year Beginning April 1 & Monthly Rent

2017:  $12,500.00          2023:  $14,000.00           2029:  $15,500.00

2018:  $12,500.00          2024:  $14,000.00           2030:  $15,500.00

2019:  $12,500.00          2025:  $14,000.00           2031: $15,500.00 ending 12/31/31

2020:  $13,250.00          2026:  $14,750.00

2021:  $13,250.00          2027:  $14,750.00

2022:  $13,250.00          2028:  $14,750.00

~ The third floor is vacant.  Copies of lease are available for review.

~ The rent will be prorated to the date of possession, any security deposits, if any, will be transferred at closing. 

~ This auction sale is not contingent upon Buyer’s financing or any other Buyer contingencies.

~ Purchasers who are unable to close due to insufficient funds or otherwise, will be in default and the deposit money will be forfeited.

~ This real estate is selling subject to any and all covenants, restrictions, encroachments and easements, as well as all applicable zoning laws.

~ All dimensions and descriptions are approximations only based upon the best information available and are subject to possible variation.  Sketches may not be drawn to scale and photographs may not depict the current condition of the property.  Bidders should inspect the property and review all the pertinent documents and information available and verify all information to their satisfaction, as each bidder is responsible for evaluation of the property and shall not rely upon the Seller, Broker or Auctioneer, their Employees or Agents.

~ The Seller, Broker and Auctioneers do not warrant with respect to the existence or nonexistence of any pollutants, contaminants or hazardous waste prohibited by federal, state or local law. Buyer is responsible for inspection of the property prior to purchase for conditions including but not limited to water quality, and environmental conditions that may affect the usability or value of the property.  If in the future a site clean-up is required it shall be at the expense of the buyer.

~ The buyer acknowledges that they have carefully and thoroughly inspected the real estate and are familiar with the premises. The buyer is buying this real estate in its “as is” condition and there are no expressed or implied warranties pertaining to the same.

~ Steffes Group, Inc. is representing the Seller.

~ Any announcements made the day of sale take precedence over advertising.

 

Ruth V. Swisher Revocable Trust – Seller

Farmers & Merchants Bank & Trust - Trustee  |  Kelli S. Johnson – Trust Officer 
221 Jefferson Street, Burlington, IA

Sara L. Haas of Aspelmeier, Fisch, Power, Engberg & Helling, P.L.C  – Attorney for Trust
321 North 3rd Street, Burlington, IA

For details contact the sale manager, Nate Larson of Steffes Group
319.385.2000 or 319.931.3944


The Auction Process – Why Auction?
The auction method of marketing is widely used to sell from multi-million dollar farmland to collector cars to desirable properties of all kinds.

True Price Discovery
The open competitive bidding of an auction determines the market value and establishes the highest price a consumer is willing to pay.  No More.  No Less.

The auction process efficiently & effectively markets the property, through an open and transparent transaction, while establishing true market value, via competitive bidding.  Come to the auction and bid your price, as it will be true price discovery on auction day.

Online Bidding Available
Online bidding is being offered for this auction.  Online bidders must register 24 hours in advance of the auction for approval.  If you are the successful bidder online there will be a $1,000 online buyer’s premium added to the winning bid.


Steffes Group, Inc., 605 East Winfield Avenue, Mt. Pleasant, IA 52641